Benefits

Cover your family's futureSecure your family's future so that they never have to compromise on their standard of living.

Cover your partner, hassle-freeIn the same policy, you can cover your partner too. This unique benefit ensures that life cover for your better half continues even when you aren’t there. All future premiums for your partner’s cover will be waived off.

Flexibility to increase life cover As you move through different stages of life, with our life stage protection benefit, you will have the option to increase your life cover without any medical examination.

Coverage till the age of 99#This plan offers coverage till the age of 99# years.

Affordable and easy on the pocketWhatever option you opt for, high costs doesn't come in the way of protecting your family’s dreams and expenses.

Tax savingsAvail benefit on income tax, under section 80C for your annual premium.

INTRODUCTION

When it comes to our family, we always want to be double sure. We want to give them the best of everything that life has to offer and strive hard to help them fulfill their dreams. However, it is also important to ensure that your loved ones are secure and financially independent even in your absence.

PNB MetLife Mera Term Plan is a simple and easy to buy solution that helps you do just that:

Safeguard your family's financial independence even in your absence

Lump-sum payout to nominee in case of an unforeseen event

Joint life benefit to cover your spouse in the same policy

Additional Features

With the choice of Base Sum Assured and Policy Term you can also choose additional features. These will give you additional benefits in case of certain events during your lifetime.

Joint Life Benefit

This unique benefit ensures that life cover for your better half continues even if you are not there. All future premiums for your partner’s cover will be waived off. This option is available if your sum assured is more than 50 lacs. Coverage for partner is limited to 50% of your sum assured (max limit – 50 lacs). If your partner is a homemaker a 25 lac cover is provided.

Life Stage Protection

Your required life cover increases with increasing responsibilities. Life stage protection option gives you oppurtunity to buy an additional cover as per the then prevailing age and premium
without any medical examination on the following circumstances.

On marriage: Equal to 50% of the original cover subject to maximum of Rs. 5,000,000.

On first child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.

On second child: Equal to 25% of the original cover subject to maximum of Rs. 2,500,000.

Minimum Age

18 years

Maximum Age

65 years

Maturity Age

99 years for all options (except Joint Life cover option). Joint Life Cover option: 75 years (applicable for both Primary & Secondary life)

Minimum Sum Assured

10,00,000

Coverage Period

81 years for all options (except Joint Life Cover option) & 10 years to 40 years for Joint life Cover option (applicable for both Primary & Secondary life), subject to maximum maturity age.